216k views
1 vote
Which of the following was a difference between capitalist entrepreneurs and guild masters?

Guild masters invested their profits in global businesses; capitalists gave their profits to cottagers.


Guild masters hired many more workers than capitalists.


Capitalists let supply and demand set prices; guild masters regulated prices.

User DeZigny
by
7.6k points

2 Answers

3 votes
Capitalists let supply and demand set prices; guild masters regulated prices.
User Sathesh
by
7.6k points
2 votes

The correct answer is C) Capitalists let supply and demand set prices; guild masters regulated prices.

The following was a difference between capitalist entrepreneurs and guild masters: Capitalists let supply and demand set prices; guild masters regulated prices.

Capitalist were entrepreneurs that took risks when invested their money. They let supply and demand established the prices of good an services. The free market was ideal for them. Guild Masters had different rules. They were more strict on the quality of their products, put more attention to details and charged different prices according to the quality of work and time elaborating it.


User Thomas Baruchel
by
8.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.